It’s amazing when I look back at the numbers in blog posts such as this one where we had almost 50,000 active listings, and as low as 7,000 active listings in January 2005! I enjoy checking the numbers to see what the housing market is doing. Folks, we ARE DOWN!!! We are now at a time where finding that perfect home, and negotiating, is SLOWING way down. For Sellers, if you price your home right, now is a good time to list your home for sale!
Following are the numbers! As of March 8, 2012, overall, the total (including apartment homes, mobile homes, condos, and single family dwelling) now is 15,665.
The lowest price, interestingly is $2,750, a beginning low bid at auction. The key number to watch is the overall $15,665 even though that is everything on the market as of this minute! I’ll break down a few of the areas on the east side including Phoenix, Mesa, Chandler, Gilbert and Gold Canyon. Inventory is declining FAST!
The available ACTIVE properties in Phoenix – 2,557, PENDING – 3,210
The available ACTIVE properties in Mesa – 1,168, PENDING - 1,113!
The available ACTIVE properties in Gilbert – 439, PENDING – 661!
The available ACTIVE properties in Chandler – 520, PENDING – 661!
The available ACTIVE properties in Gold Canyon – 224, PENDING – 50!
Remember, these numbers include: short sales, auctions, foreclosures AND a normal seller sale.
The market is definitely on the upswing AND good pricing and selection is becoming scarce. If you would like more info on the market in your area, just give me a call at: 480.382-8711 for assistance!